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Q.China launched its First Five-Year Plan in the year

(a) 1951
(b) 1952
(c) 1953
(d) 1954
Meghalaya MboseMBOSE Meghalaya Intermediate Board (Commerce) 2023MCQ· 1mImportance★★★★★
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China's First Five-Year Plan began in 1953, under centrally planned, Soviet-style development after the 1949 revolution.

After the Communist Party came to power in China in 1949, the country adopted a centrally planned economic model, with all key resources owned/controlled by the state and collective farming. China's First Five-Year Plan was launched in 1953, giving primacy to the expansion of heavy industry under state ownership, …

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